Forex Candles Patterns - Doji Candles Pattern and Marubozu Candlestick Pattern

Candles Consolidation Patterns & Candlesticks Continuation Patterns - Doji Consolidation Candle and Marubozu Continuation Candle/h2>
Depending on the size and shape of a candle it is possible to identify the momentum of buyers or sellers. Likewise, it is also possible to determine the underlying weakness of the buyers and sellers.

Long Body Candles

Candlesticks with long bodies show and illustrate that there were a lot of buyers or sellers, depending on the color of the candles.

When price makes and forms a big movement from opening price to the closing price it shows the momentum of buyers or sellers.

Long Blue Candles - Strength of Buyers

Long Red Candlesticks - Strength of Sellers

Forex Candle Setups

Long Body Candles

Short Body Candles

Candlesticks with short bodies show that there were not so many buyers/sellers and the price did not move much from the opening price to the close price.

These show that the buyers or sellers weren't very strong.

Short Body Candles

Marubozu Candle

Marubozu are long candles that have no upper or lower shadows, Like the trading examples illustrated below.

Marubozu Candles

Marubozu are continuing candlestick patterns which show price is going to continue in the same direction as that of the marubozu candlestick. The marubozu can be white/blue or black/red depending on the direction of the market price trend.

Technical Analysis of Marubozu Candle Pattern

White marubozu - the open is also the low and the close is also the high.

Marubozu means there were no retracements during that the price period and therefore portrays that buyers were in total control of the price during the time of this marubozu candle.

White Marubozu is a continuation pattern meaning that the next candle is likely to continue in same upwards trend direction.

Black marubozu - the open is also the high and the close also is low.

Marubozu means that there were no retracements and therefore shows that sellers were in total control of the price during the time of this marubozu candle.

Black Marubozu is a continuation pattern meaning that the next candle is likely to continue in same downward trend direction.

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Forex Candles Patterns - Doji Candles Pattern and Marubozu Candlestick Pattern

Long Body Candles

Short Body Candles

Marubozu Candle

Technical Analysis of Marubozu Candle Pattern